American Securities Sells Two Industrial Firms for $3.25 Billion

NEW YORK, NY – March 03, 2026 – American Securities LLC, a prominent U.S. private equity firm, has entered into a definitive agreement to sell two of its industrial portfolio companies, CPM Holdings Inc. and MW Components, to the UK-based Rosebank Industries. The deal carries a total enterprise value of $3.25 billion, which includes a potential earnout payment of up to $200 million based on 2026 performance targets.

The transaction marks a significant exit for American Securities and a major strategic acquisition for Rosebank, underscoring a dynamic period of consolidation and value creation within the global industrial sector. The sale encompasses two distinct but highly engineered U.S. manufacturing businesses that have undergone substantial transformation under private equity ownership. The deal is expected to close in the second quarter of 2026, pending customary closing conditions.

A Blueprint for Value Creation

The sale is a powerful validation of American Securities' long-standing investment strategy: acquiring market-leading North American industrial businesses and accelerating their growth through hands-on operational engagement and strategic M&A. The firm's partnerships with CPM, which began in November 2018, and MW Components, initiated in September 2017, serve as case studies in this approach.

Under American Securities' ownership, both companies executed ambitious growth plans. CPM, a global leader in process equipment for the animal feed and renewable energy markets, completed eight strategic add-on acquisitions, including key aftermarket providers Dorssers and Jacobs. This bolstered its position and shifted its business mix toward more recurring, higher-margin aftermarket revenue. A key technological milestone was the launch of Monarc, a revolutionary system developed at its innovation center that enables safer, large-scale production of clean-label products.

Similarly, MW Components, a manufacturer of bespoke fasteners, springs, and precision parts, was repositioned to capitalize on high-growth end markets. The company aggressively expanded its footprint in the aerospace & defense, electronics, and semiconductor sectors, which grew from just 9% of total revenue at the time of acquisition to 25% at exit. This was achieved through a combination of organic investment and nine targeted acquisitions that broadened its capabilities. The firm also invested heavily in digital tools, developing its proprietary "SNAP" software to streamline and accelerate its quoting process for over 14,000 customers.

"It has been a true privilege to partner with these exceptional management teams," said Michael Fisch, Founder & CEO of American Securities. "With Dave Webster's leadership at CPM and Tom Amato's leadership at MW Components, both businesses have built durable platforms for sustained success."

Michael Sand, a Partner at American Securities, added, "We are incredibly proud of the growth the CPM management team achieved during our partnership. CPM enhanced its capabilities, developed groundbreaking technology, and expanded into new product categories, geographies, and end markets."

Rosebank's Ambitious U.S. Expansion

For the buyer, London-listed Rosebank Industries, this acquisition represents a significant strategic move to expand its industrial footprint in North America. Operating under a "Buy, Improve, Sell" model similar to that of industrial giant Melrose Industries, Rosebank focuses on acquiring high-quality businesses with what it identifies as "unrealised potential."

The $3.25 billion transaction will be financed through a combination of new debt facilities and a planned £1.9 billion institutional capital raise. Market analysis places the valuation at approximately 12 times 2025 EBITDA for CPM and 10 times for MW Components, multiples that reflect the strategic value and growth trajectory of these assets in a robust M&A market for industrials.

Rosebank has already outlined its improvement playbook. The firm intends to drive an operating margin improvement of 6 to 7 percentage points across both businesses. For CPM, plans include accelerating site rationalization and operating its lucrative aftermarket business as a standalone division to better capture its potential. For MW Components, Rosebank will organize the company into three distinct operating divisions—Fasteners, Springs, and Precision Components—to foster focused growth and operational excellence within each segment.

The Transformed Industrial Leaders

At the heart of the deal are two companies that have evolved significantly. CPM, founded in 1883 as the California Pellet Mill, is now a diversified, innovative leader in highly engineered process equipment and automation systems with 35 facilities worldwide. Its equipment is critical in sectors ranging from oilseed processing and animal feed to the burgeoning renewable energy and plant-based food industries.

"American Securities has been an outstanding partner," commented Dave Webster, CEO of CPM. "Their deep industrial expertise and active operational engagement enabled us to elevate our customer offering, broaden our capabilities, and further strengthen our organization. We are excited to carry that progress forward as we embark on this new chapter with Rosebank."

MW Components, headquartered in Charlotte, North Carolina, has become a powerhouse in mission-critical components. Through its prolific "buy-and-build" strategy, it has consolidated over 24 industry-leading brands, serving a vast range of sectors from aerospace and medical to electronics and energy across its 24 U.S.-based manufacturing facilities.

Thomas Amato, CEO of MW Components, reflected on the partnership, stating, "American Securities has played an instrumental role in MW Components' evolution. Over the years, American Securities has brought thoughtful guidance and operational rigor to support the company's key growth and strategic repositioning initiatives. Their partnership has positioned MW Components well for continued success in the years ahead."

Market Implications and Valuation

This major transaction not only provides a substantial return for American Securities' investors but also reshapes the competitive landscape for specialized industrial components and process equipment. The current M&A environment for industrial manufacturing has been characterized by fewer but larger transactions, as strategic buyers seek scalable platforms with durable revenue streams, a trend this deal perfectly encapsulates.

The acquisition comes at a time when the end markets for both CPM and MW Components are supported by significant tailwinds. CPM's focus on renewable energy aligns with global decarbonization efforts, while its role in animal feed and food processing is essential for global supply chains. Likewise, MW Components is poised to benefit from sustained growth in aerospace & defense and long-term demand driven by the reshoring of U.S. manufacturing and the increasing complexity of engineered components in sectors like semiconductors and medical devices. As CPM and MW Components transition to new ownership, their trajectory will be closely watched as a barometer for strategic value creation in the U.S. industrial heartland.